Pfleiderer Group reported 12.5% increase of sustainable EBITDA amid 2.4% growth of net sales in 2016 y-o-y (preliminary results). According to the announcement, the company’s net sales accounted for EUR EUR 960 million, generating EBITDA of EUR 149 million (15.5% margin).
Michael Wolff, President and CEO of the Pfleiderer Group, commented:
“In 2016 we successfully completed the “ONE PFLEIDERER” project. The preliminary consolidated results which have been just published, confirm that the Group’s financial standing is very good and concentration on premium strategy in added value segment implemented by us, positively influences generated results and margins.”
In the first three quarters of 2016 Pfleiderer Group reported a strong financial performance.
Earlier Pfleiderer Grajewo declared a dividend for 2015 fiscal year payable on July 29, 2016.
About Pfleiderer Group:
The company is a complete wood-based panel manufacturer. Its production and sales activities are comprised in the two regions Western Europe and Eastern Europe, each with independently operating Business Units marketing its own brands and products tailored to specific target groups.